Monday, April 28, 2014

Nasdaq correction in progress. Or Bubble popping? Stay Tuned

88 Failed nicely last week; however we left a tiny gap between 87 and 87.50 which should be filled fairly quickly given the two POMO days Today and Tomorrow with a POMO free day on Month end. I'd like to see that gap get filled sooner then later so we can resume my view of the trend. Again; don't see much of any new directional movement until we are over 88 or below 83. Will the "Sell in May and go Away" adage adhere this year?

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